Ute Tribe Buys Midstream Assets

Sale of midstream assets to Ute Tribe.

After the sale of the tribe’s upstream assets was made, Quantum Energy Partners and Quantum Resources announced that it will sell its midstream assets to the tribe for an undisclosed price.
Although the price was not announced, the value was believed to be in excess of $139 million.
"The sale of Ute Energy upstream allows us to realize our goal of owning our own energy company, Ute Midstream, and it provides our Tribe with the necessary funds to pursue other investments and activities," said Irene C. Cuch, chairwoman of the Ute Tribe Business Committee.